• Home
  • News
  • Agreement is signed under Cargill investment project in Yuzhnyi seaport
  • 2016 March 28 11:46

    Agreement is signed under Cargill investment project in Yuzhnyi seaport

    State Enterprise “Ukrainian Sea Ports Authority” (USPA) and «MV Cargo» LLC has signed an agreement on the implementation of two partnership projects in relation of the construction of a terminal in the port «Yuzhnyi», USPA says.

    During the solemn ceremony, the document was signed by CEO of USPA Andrey Amelin and Director of «MV Cargo» Alexander Primak in presence of the Director General of «Cargill Ukraine» Martin Schuldt, Director General of «TIS» Andrey Stavnitser, Head of Yuzhnyi Sea Port Authority Maxim Shirokov, and Director of the grain division «Cargill Europe» Andreas Rickmers, Vice-President of “Cargill International” Roger Janson.

    Under terms of the agreement «MV Cargo» LLC, acting as a developer will undertake the construction of a specialized grain terminal as well as a berth № 25 in the sea port of Yuzhnyi. In the first phase of the project the capacity of the terminal will amount up to 5 million tons and the second phase provides the increase by another 2–4 million tons.

    In turn, USPA ensures navigable operational water area at the berth № 25 as well as the approaching channel to the future grain terminal. Depths of the waters and the approaching channel will be dredged down to 16 meters.

    The estimated investment in the construction of a grain terminal will amount to USD 104 million. USPA invests USD 50 million for dredging works. Feasibility study of the project for advanced depths in the port of Yuzhnyi is already submitted for endorsement in core ministries.

    «A key component of the agreement for us is the term under which the Cargill ensure the loading of the terminal with necessary volumes of grain cargo.This is a vivid example of an idea to assign the cargo owner with certain berth, which creates a comfortable and clear conditions for public-privatepartnership»,— said the CEO of USPA Andrey Amelin during the signing of the agreement.

    «We expect the project to generate over UAH 300 million in tax payments annually and to create employment for around 350 people», said the Director of «MV Cargo» LLC Alexander Primak.

    «MV Cargo» LLC grain terminal completion is scheduled for 1 September 2018. In turn, USPA agrees to finish dredging at the latest 1 February 2018.

    Thus, the parties complied with terms of the agreement signed on 24 February 2016 with Cargill in the Cabinet of Ministers of Ukraine in the presence of the Prime Minister Arseniy Yatsenyuk, US Ambassador Jeffrey Payet, the Minister of infrastructure Andrew Pivovarsky, the Minister of Agrarian Policy and Food of Ukraine Alexey Pavlenko and the Finance Minister Natalia Yaresko.

    Recall that on 17 August 2015 in the Ministry of Infrastructure of Ukraine was signed a trilateral Memorandum formalizing the intention to implement the investment project in the sea port of Yuzhnyi. The document was signed by the Director General of «Cargill Ukraine» Martin Schuldt, the CEO of USPA Andrey Amelin and the Director of «MV Cargo» Alexander Primak.

    The document certified Cargill's intention to purchase 51% of shares of cargo terminal, which «MV Cargo» LLC will build in the sea port of Yuzhnyi.

    On 24 February 2016, Cargill and «MV Cargo» signed the agreement on construction of a new grain terminal in the sea port of Yuzhnyi.

    «Cargill Ukraine» acting as an investor of the project for grain terminal in the port of Yuzhnyi. The company is a 100% subsidiary of Cargill Inc., US largest private food corporation. In 2015, the revenue of the company totaled to USD 120.4 billion. The company has 66 offices worldwide and a workforce of about 130,000 people.

    «MV Cargo» Ltd is a specially made company for the project in the sea port of Yuzhnyi. The company owns the berth № 25 at the port of Yuzhnyi and the land for expected terminal. The project provides the construction of modern export terminal in full compliance with US Cargill’s standards. The capacity of expected terminal will total 5 million tons of grain per year with the total storage capacity of 290,000 tons.

2022 January 21

10:11 Crude oil prices drop on US oil reserves growth
09:32 MABUX: Global bunker prices may slide down on Jan. 21
09:21 Baltic Dry Index as of Jan 20

2022 January 20

18:35 EuroDry announces agreement to acquire a 2014-built Supramax bulker
18:05 Valaris announces floater contract awards
17:43 Alfa Laval experiences increased demand for solutions related to LPG as fuel
17:26 Throughput of Chinese sea and river ports in 2021 climbed by 6.8% YoY
17:15 The U.S. Army gets $22.81 billion in supplemental funding of studies, projects and programs
17:05 Sanmar Shipyards delivers fourth powerful compact tug to SAAM Towage
16:50 Cargo traffic on IWW of Russia in 2021 rose by 1.2% to 110.3 million tonnes
16:35 Uber Boat by Thames Clippers builds the UK’s first hybrid high speed passenger ferries
16:15 American Cruise Lines unveils Project Blue
16:05 TGE Marine announces the completion of the tank building phase for two large LNG cargo tanks
15:31 Hafnia plans to acquire 12 modern LR1 tankers
15:25 Holland Shipyards Group develops new tug EDDY 24-50 E
15:05 ZIM announces new chartering agreement for three 7,000 TEU LNG dual-fuel container vessels
14:40 Exports of LNG and gas condensate from port Sabetta exceeded 19 million tonnes in 2021
14:11 Stena Line and Associated British Ports sign £100M deal for new ferry terminal at the Port of Immingham
13:45 Federal authorities asked to step into situation with coal transportation by Russian Railways
13:19 MABUX: Bunker Weekly Outlook, Week 03, 2022
13:12 Norside buys the platform supply vessel 'Farland' for offshore wind
12:46 New ICS guide helps seafarers navigate the digital bridge
12:08 The Harbour Master’s Division of the Port of Rotterdam Authority makes it through the second corona year unscathed
11:51 Port of Long Beach sets annual record with 9.38 million TEUs
10:46 Global Ports' consolidated marine container throughput increased by 2.8% y-o-y in 2021
10:10 Increase of cargo predicted for the Port of Riga this year
09:33 MABUX: Global bunker prices may turn over downward correction in the end of the day
09:25 Crude oil market sees downward price correction
09:08 Baltic Dry Index as of January 19

2022 January 19

18:20 New SGMF publication provides expansive and highly relevant guidelines on safe bunkering of LNG
18:03 ESL Shipping sells the barge Espa
17:52 High efficiency Wärtsilä power solutions to drive seven new Arctic Shuttle Tankers
17:50 Euroseas announces new charter for its 2,788 TEU, 2004-built vessel
17:33 Freeport of Riga Authority to invest almost EUR 1 million in implementation of port digital technology and IT solution projects this year
17:15 ABS, SDTR and SDARI develop methanol-fueled bulker
16:54 Thistle Wind Partners land 2 GW in ScotWind offshore wind leasing round
16:26 Results of Russian ports in 2021: infographics and analytics
16:05 Port of Blyth orders Konecranes Gottwald Generation 6 Mobile Harbor Crane
15:40 Equinor awarded 26 new production licences on the Norwegian continental shelf
14:56 Oboronlogistics’ Sparta IV to deliver project cargo to India
14:29 Sea Port of Saint-Petersburg increased its throughput in 2021 by 17% YoY
14:08 Growing orders for Alfa Laval FCM LPG fuel supply systems reflect strength in Alfa Laval’s broad LPG offering
13:45 Throughput of Novotrans at Ust-Luga port’s ferry terminal rose by 9.2% in 2021
13:24 ABB adds digital analytics feature to turbochargers, giving performance visibility to shipowners
12:51 Port of Corpus Christi finishes Fiscal Year 2021 with record tonnage
12:50 FESCO delivers equipment for NPP Akkuyu in Turkey
12:27 Helsinki City Board approves the Port of Helsinki Ltd development programme
12:13 METIS adds new functionality to cloud-based platform to enhance decarbonisation and compliance support
11:41 North makes key Fixed Premium P&I appointments to accelerate diversification drive
11:35 Jumbo-SAL-Alliance delivers comprehensive transportation solution for the transportation of offshore platform modules
11:23 Throughput of Murmansk Sea Fish Port in 2021 rose by 20.7% YoY
11:01 Throughput of Rostov-on-Don port in 2021 fell by 15%, year-on-year
10:39 MABUX: Bunker price may continue upward changes on Jan 19
10:16 DNV: “No room for complacency” despite advancement in shipping safety
10:02 Norilsk Nickel to have icebreaker built by Helsinki Shipyard Oy
09:29 Baltic Dry Index as of January 18
09:13 Crude oil prices continue rising amid high demand

2022 January 18

18:45 X-Press Feeders launches Germany Sweden X-Press
18:04 Crown Estate Scotland announces the outcome of the first Scottish offshore wind leasing round in over a decade
17:52 Throughput of Russian seaports in 2021 climbed by 1.7% (detalization)